Design employee compensation programs taking into account organizational circumstances Propose amendments benefit programs to meet changing...

Design employee compensation programs taking into account organizational circumstances
Propose amendments benefit programs to meet changing employee and employer needs
Assess employer costs of benefit programs

Part of a human resource managers job is to analyze the benefits programs to ensure that an organization is compliant and that the costs are within budget. There are a number of required programs such as social security, worker's compensation insurance, unemployment insurance, health care, and FMLA leave. In addition to these mandated programs, many employers offer additional benefits such as dental, vision, disability, life insurance, tuition reimbursement, holidays, vacation, other paid time off (jury duty, bereavement, etc), 401(k) or other retirement, student debt support and more.

Managed by Q Case Benefits Analysis: In the case study we learn that Managed by Q offers free health insurance, 40 hours of paid vacation and a 401(k) plan. In addition, they would have to offer the legally required benefits such as worker's compensation and unemployment. The financial spreadsheet indicates there is a 20% markup for benefits and taxes. In year 5, therefore, we could surmise that of the $2,729,927 in wages and taxes, 20% or approximately $545,000, went to benefits and taxes.

Create an analysis of the provided benefits and taxes (both mandatory and discretionary) and create an academic, data-guided, proposal of any changes you might suggest to Managed by Q.
For this analysis, assume a 4% 401(k) match, FUTA rate of .06 (of first $7000), SUTA rate of .019 (of first $9000).
Be sure to incorporate items such as cost sharing or creative benefits such as student loan repayment options in your recommendations if appropriate.

Please answer question #3

Note: In this exercise you need to weigh out how many benefits you would like to offer verse the cost of those benefits. In your paper be sure to (1) explore the current benefit offering and (2) talk about what benefits you might offer and/or what changes you would recommend to Managed by Q.

Expert Solution

Answer :

ekkarill92 answered 2 years ago

Design employee compensation programs taking into account organizational circumstances Propose amendments benefit programs to meet changing...

Design employee compensation programs taking into account organizational circumstances Propose amendments benefit programs to meet changing employee and employer needs Assess employer costs of benefit programs Part of a human resource managers job is to analyze the benefits programs to ensure that an organization is compliant and that the costs are within budget. There are a number of required programs such as social security, worker's compensation insurance, unemployment insurance, health care, and FMLA leave. In addition to these mandated programs,...

Discuss the objectives of employee compensation programs, and describe the various pay systems and fringe benefits in business.

As an engineer how will you design a room taking into account thermodynamics and heat transfer?

Discuss the implication of both organizational designs on employee satisfaction and behavior, linking your discussion to the characteristics of each design.

The organizational design of a company establishes the hierarchy, the workflow and corporate culture of the company. Looking into mechanistic & organic structures, both have positives and negatives, as to how the company's culture develops and its impact on employees behavior, satisfaction and productivity. Required: Discuss the implication of both organizational designs on employee satisfaction and behavior, linking your discussion to the characteristics of each design.

As a manager, how would you balance a disabled employee’s needs for a work adjustment to your need to design jobs that meet organizational performance goals?

Making a Way for the Disabled WorkerWhen twenty-seven-year-old Natasha Frechette learned that she had multiple sclerosis, she wondered whether she would not only need someone to take care of her but whether she would be able to keep her data manager job at the small research firm where she worked. After all, the disease with which Frechette was diagnosed could lead to numbness, blindness, and eventual paralysis. Not to mention she would need to take time off for physical and...

Question

Design employee compensation programs taking into account organizational circumstances Propose amendments benefit programs to meet changing...

Solutions

Expert Solution

Related Solutions

Design employee compensation programs taking into account organizational circumstances Propose amendments benefit programs to meet changing...

Discuss the objectives of employee compensation programs, and describe the various pay systems and fringe benefits in business.

As an engineer how will you design a room taking into account thermodynamics and heat transfer?

Discuss the implication of both organizational designs on employee satisfaction and behavior, linking your discussion to the characteristics of each design.

As a manager, how would you balance a disabled employee’s needs for a work adjustment to your need to design jobs that meet organizational performance goals?